Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

“Mobius was attending a conference in Istanbul where Templeton and Akbank TAS, the Turkish bank part-owned by Citigroup Inc., said today they are offering a fund covering BRIC nations to Turkish investors. ” How do you say “bagholder” in Turkish?

Rather funny about Hong Kong accusing the US of blowing a bubble when the air is coming from the mainland, but I guess they aren’t allowed to say that since the takeover even though it is obviously easier for money to flow from the mainland than all the way across the Pacific.

NPR had a quote Monday:

Zhao Ziying is visiting from Hong Kong and has just spent $600 on a blue Prada bag she can’t find back home.

* The key challenge for China over the next five to ten years will be restructuring the financial sector so that capital allocation becomes more efficient and lays the groundwork for consumption-led growth.

They want to know about efficient capital? All they gotta do is visit Wall Street. Lloyd and his pals will show them efficient capital……

“Right now, China’s financial system is essentially the banks which are all owned by the state. Ninety per cent of corporate external finance comes from the banking system. The banks are very politically influenced and so they are not able to allocate capital very effectively…”

Just the opposite of the US where the political system is influenced by the banks and is unable to allocate taxpayer money effectively.

Ritholtz, I promised myself and others that I would remain a member of your massive silent audience, but last night’s China hullabaloo on your blog made me chuckle. And I had to post a US-China comparison that seldom ever gets mentioned ANYWHERE:

Everytime you bring up China, Ritholtz, the peeps go nuts because they (consciously or unconsciously) regard China as a major threat to the United States, even as we oh-so-happily outspend the Chinese on guns, knives, and other means to kill people by a TEN-TO-ONE MARGIN.

The reality is that the biggest threat to Americans are…Americans.

And I know, Ritholtz, that your “Libertarian leaning” peeps will jibber-jabber, jibber-jabber all day and all night about American freedom and how precious and unique that is and how freedom will save us all from those damned Chinese and all our OTHER problems. Unfortunately, all the freedom in the world is not worth one pail of shit if that freedom becomes nothing but a license to abbrogate respect for and responsibility to ourselves, the people around us, and society in general. If freedom means diligently inventing the light bulb, saving the Jews of Europe, or sending a man to the moon, then by God, freedom will not only save us but guarantee our position as the greatest nation on this planet into eternity. But if, as I am seeing ( http://www.peopleofwalmart.com/), freedom means focusing on emo or indie, getting tattoos, becoming obese, degenerating into FWB sex, being incurious or arrogant or lazy or ignorant or otherwise just a drain on the world’s precious oxygen supply, then freedom is not much of an asset at all.

I like your diligence on the Google search. One thing we must all remember, guys (and I do mean guys): Every minute spent commenting on the Ritholtz blog is a minute not spent having FWB sex.

@ Thor

Hey buddy, you are so sweet for a dude with biceps. I hope you took note that I was not criticizing you with regard to last night’s thread. In fact, you made terrific points and I think, since this thread ( http://www.ritholtz.com/blog/2009/06/cra-thought-experiment/ ), we agree that China is overhyped in both positive and negative aspects. In any case, you are a good friend on this blog and elsewhere online, such as when you so kindly tried to fetch cvienne from Andy’s Sigma Nu blog to approve my FF trade.

PS: I am glad to not have to face Ronnie Brown in FF this weekend, but I feel bad about him going on IR (out for the season). Brown really made the Wildcat fun to watch. Get well, Ronnie Brown.

@CNBCS: Wow. That’s a lot of military spending difference. Kind of makes us look either even more stupid or more corrupt.

More corrupt than China? What exactly did BSO accomplish? Sealing some deals with the dealers? Behind the curtain?

So this is what’s coming out with time. LOts of AIG TARP money went to foreign banks. DUH.

Lots of free money from the fed is winding up juicing Asian markets and the Asians are pissed about it. I’d be pissed too. Your tax dollars at work. Try getting 7%. But GS and JPM just keep sailing along.

MRegan ya that was what came to mind with yesterdays header text .. nice video compilation – thanks for the link .. as soon as I went to the shelves I realized that I mispelled Aja .. good album .. when Josie comes home – we’ll break out the hats and hooters …. it has a preminition content to it .. ie 1977 .. is that when we saw the $ light?

I logged in this am to comment on $ stuff too .. the NYT graphic on China/US changes
Billionaires 2 in 2000 and 79 now in 2009 … was wondering what the change in Billionaires here on the USA shores are /
or are mostly the same players just doing better?
“Save Money Live Better”
offshore those dirty factories .. song and dance .. tour & play golf … Peg it’ll come back to you

stayed in watching the boob-tube today .. already paid for entertainment so ..
on China and this bubble .. as a com’ist country / isn’t nationalization a possibility if need be .. and doesn’t that fit TBP saying if you owe the bank $10K its your problem / if you owe the bank $10T its the banks problem .. meaning the investment in China and that trade imbalance / the ROI in a nationalization .. central banks wipeout each others debts? whose the winner?

earlier yelled at tube “need to read up on Germanys rise of fas’ism” … I like this one “control of the government is the best path to prosperity” .. come on Larry its catchy and hits the mark

a new one “free-market-cap’ism is doomed .. doooommmmed” .. in this politically correct world .. greatest military in the world .. so what .. have the MIC bomb China because they upended the “Monopoly” board / or is it “Risk”?

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About Barry Ritholtz

Ritholtz has been observing capital markets with a critical eye for 20 years. With a background in math & sciences and a law school degree, he is not your typical Wall St. persona. He left Law for Finance, working as a trader, researcher and strategist before graduating to asset managementRead More...

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